Ontario is becoming a magnet for global companies in the green energy sector, drawn by alluring subsidies at a time when incentives are being scaled back elsewhere. Already this year, South Korea’s Samsung C&T Corp and Bosch Solar Energy have said they will set up shop, and more are expected to follow. The provincial supports is attracting these companies as well as the proximity to the U.S. market. Ontario, which is phasing out its coal-fired power stations and looking for cleaner energy options, last October unveiled the richest set of tariffs in North America for feeding power generated by renewable sources into the grid.
Read more : Ontario becoming magnet for companies in green energy sector